Fuel Cells
US fuel cell market to expand sixfold through 2012
The US market for commercial fuel cell products and services is forecast to expand almost sixfold through 2012 to $975 million and reach $3.3 billion by 2017. Demand will be bolstered by ongoing environmental concerns that will spur social interest in less pollutant energy sources, as well as continued efforts to reduce US dependence on foreign oil. The commercial market will be somewhat restrained, on the other hand, by persistent cost hurdles, particularly in motor vehicle applications, as many types of fuel cells require a highpriced platinum catalyst as well as extensive investment in R&D.
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- INTRODUCTION
- I. EXECUTIVE SUMMARY
- II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Long-Term Trends
- Industrial Sector Outlook
- Power Generation Sector
- Motor Vehicle Sector
- Electronics & Communications Sector
- Chemicals Sector
- Military/Aerospace Sector
- Public/Institutional Sector
- Cost/Pricing Dynamics
- Legal & Regulatory Environment
- International Environment
- World Fuel Cell Markets
- International Fuel Cell Programs
- Foreign Trade & Multinational Investment
- III. TECHNOLOGY
- General
- Basic Electrical Properties
- Fuel Cell Construction & Operation
- Fuel Cell Chemistries
- Alkaline
- Direct Methanol
- Molten Carbonate
- Phosphoric Acid
- Proton-Exchange Membrane
- Solid-Oxide
- Other
- Hydrogen Fuel Sources
- Fuel Cell Materials
- Catalysts
- Electrodes, Electrolytes & Plates
- Nanotechnology
- Alternative Sources of Power
- Batteries
- Internal Combustion Engines
- Turbines & Microturbines
- Other Sources of Power
- IV. PRODUCTS
- General
- Commercial Fuel Cell Demand
- Fuel Cell Stacks & Systems
- Proton-Exchange Membrane
- Phosphoric Acid
- Molten Carbonate
- Solid-Oxide
- Alkaline
- Direct Methanol
- Other
- Fuel Cell Fuels
- Hydrocarbon-Based
- Pure Hydrogen
- Renewable Sources
- Other
- Fuel Cell Electronic Devices
- Test Equipment
- Power Conditioning Devices
- Controls & Other
- Other Fuel Cell Products & Services
- Fuel Cell Services
- Stack Components
- Fuel Cell Reformers & Processors
- Fuel Cell Storage Devices
- All Other
- V. MARKETS
- General
- US Fuel Cell Programs
- Electric Power Generation
- Industry Outlook
- Fuel Cell Market
- Miocropower
- Large-Scale
- Motor Vehicles
- Industry Outlook
- Fuel Cell Market
- Light Vehicles
- Medium/Heavy Vehicles
- Backup Power Supplies
- Military/Aerospace
- Defense & Space Outlook
- Fuel Cell Market
- Portable Electronics
- Portable Electronics Outlook
- Fuel Cell Market
- Other Fuel Cell Markets
- Motive Power
- All Other
- VI. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- UTC Power
- FuelCell Energy
- Ballard Power Systems
- Teledyne Technologies
- Other Companies
- Research & Product Development
- Manufacturing
- Marketing & Distribution
- Cooperative Agreements
- Financial Requirements
- Acquisitions & Divestitures
- Company Profiles
- Acumentrics Corporation
- Advanced Energy Technology, see GrafTech International
- Air Products and Chemicals Incorporated
- Apollo Energy Systems Incorporated
- Automotive Fuel Cell Cooperation Corporation, see Ballard
- Power Systems, Daimler AG and Ford Motor
- Ballard Power Systems Incorporated
- Bridgeport Fuel Cell Park LLC, see FuelCell Energy
- Cellex Power Products Incorporated, see Plug Power
- Chrysler LLC
- Daimler AG
- Delphi Corporation
- Distributed Energy Systems Corporation
- DuPont (EI) de Nemours
- ElectroChem Incorporated
- Ford Motor Company
- Fuel Cell Technologies Corporation, see Acumentrics
- FuelCell Energy Incorporated
- General Hydrogen Corporation, see Plug Power
- General Motors Corporation
- Gore (WL) & Associates Incorporated
- GrafTech International Limited
- Honda Motor Company Limited
- Hydrogenics Corporation
- IdaTech LLC
- Jadoo Power Systems Incorporated
- Johnson Matthey plc
- Manhattan Scientifics Incorporated
- McDermott International Incorporated
- Medis Technologies Limited
- Mesoscopic Devices LLC, see Protonex
- Methanex Corporation
- Motorola Incorporated
- Northern Power Systems, see Distributed Energy
- Nuvera Fuel Cells Incorporated
- Plug Power Incorporated
- Proton Energy Systems, see Distributed Energy
- Protonex Technology Corporation
- Quantum Fuel Systems Technologies Worldwide
- Incorporated
- ReliOn Incorporated
- Rolls-Royce plc
- Siemens AG
- SOFCo-EFS Holdings LLC, see Rolls-Royce plc
- Teledyne Technologies Incorporated
- Toyota Motor Corporation
- United Technologies Corporation
- UTC Power, see United Technologies Corporation
- Other Companies Mentioned in Study
- LIST OF TABLES
- SECTION I -- EXECUTIVE SUMMARY
- Summary Table
- SECTION II -- MARKET ENVIRONMENT
- 1 Economic Indicators
- 2 Industrial Sector Indicators
- 3 Electricity Supply & Demand
- 4 Motor Vehicle Parts & Shipments
- 5 Computer & Electronic Product Shipments
- 6 Chemical Shipments
- 7 Aerospace Equipment Shipments
- 8 Government Spending & Investment Trends
- 9 World Fuel Cell Spending
- 10 Selected International Fuel Cell Programs
- SECTION III -- TECHNOLOGY
- 1 Battery Supply & Demand
- 2 Internal Combustion Engine Shipments
- 3 Turbine & Turbine Generator Demand
- 4 Selected Micropower Product Demand
- SECTION IV -- PRODUCTS
- 1 Total Fuel Cell Spending
- 2 Commercial Fuel Cell Demand
- 3 Fuel Cell Stack & System Demand
- 4 Proton-Exchange Membrane Fuel Cell Demand
- 5 Phosphoric Acid Fuel Cell Demand
- 6 Molten Carbonate Fuel Cell Demand
- 7 Solid-Oxide Fuel Cell Demand
- 8 Alkaline Fuel Cell Demand
- 9 Direct Methanol Fuel Cell Demand
- 10 Other Fuel Cell Demand
- 11 Fuel Cell Fuels Demand
- 12 Hydrocarbon-Based Fuel Cell Fuels Demand
- 13 Pure Hydrogen Fuel Cell Fuels Demand
- 14 Renewable Sources Fuel Cell Fuels Demand
- 15 Other Fuel Cell Fuels Demand
- 16 Fuel Cell Electronic Device Demand
- 17 Other Fuel Cell Products & Services Demand
- SECTION V -- MARKETS
- 1 Fuel Cell Demand by Market
- 2 Selected US Fuel Cell Programs
- 3 Electric Power Generation
- 4 Electric Power Generation Fuel Cell Demand
- 5 Motor Vehicle Outlook
- 6 Motor Vehicle Fuel Cell Demand
- 7 Backup Power Supply Fuel Cell Demand
- 8 Defense Spending Trends
- 9 Military/Aerospace Fuel Cell Demand
- 10 Wireless Communications & Portable Computing Device Demand
- 11 Portable Electronics Fuel Cell Demand
- 12 Other Fuel Cell Demand
- SECTION VI -- INDUSTRY STRUCTURE
- 1 US Fuel Cell Sales by Company, 2007
- 2 Research & Development Spending Patterns: Selected Fuel Cell Companies, 2005-2007
- 3 Selected Cooperative Agreements
- 4 Selected Acquisitions & Divestitures
- LIST OF CHARTS
- SECTION II - MARKET ENVIRONMENT
- 1 Average Energy Efficiency of Various Power Sources
- 2 Fuel Cell Pricing Patterns
- SECTION III -- TECHNOLOGY
- 1 Basic Fuel Cell Construction
- 2 Gravimetric Energy Density of Various Power Conversion &
- Storage Systems
- SECTION IV -- PRODUCTS
- 1 Fuel Cell Stack & System Demand by Chemistry, 2012
- SECTION V -- MARKETS
- 1 Fuel Cell Demand by Market, 2012
- SECTION VI -- INDUSTRY STRUCTURE
- 1 US Fuel Cell Market Share by Company, 2007
More DetailsPortable electronics to be most rapidly growing marketThe market for fuel cells used to power portable electronics is expected to advance at the most rapid pace through 2012, as technological advancements have enabled these fuel cells to outperform most types of batteries used for similar purposes. As portable wireless devices continue to advance in intelligence and functionality, fuel cells are better able to meet their increased energy requirements by providing longer operational time, while simultaneously eliminating the need for an electronic outlet for recharging. The electric power generation market will continue to comprise almost half of commercial demand in 2012, as molten carbonate fuel cells (MCFCs) and solid-oxide fuel cells (SOFCs), which have proven to be ideal for electricity production, continue to become more cost efficient. Demand for fuel cells used in military/ aerospace applications is projected to lag all other markets, as the US Space Shuttle, a steady user of alkaline fuel cells, is expected to retire in 2010. The motor vehicle market for fuel cells is also expected to rise at a below-average pace due to cost barriers. The growing popularity of hybrid vehicles will also restrain growth in the segment, as hybrids are viewed by many as a cleaner and more efficient alternative to conventional gasoline-powered vehicles. By 2017, however, fuel cell-powered vehicles are expected to expand their market presence, as ongoing R&D drives down costs.
Direct methanol fuel cells to be fastest growing typeAmong the six main fuel cell chemistries, the market for direct methanol fuel cells (DMFCs) is expected to advance at the most rapid pace through 2012, supported by their increased use in portable electronic applications. Nonetheless, proton-exchange membrane (PEM) fuel cells will continue to comprise the largest share of stack and system demand, as their versatility continues to spur more allocation to R&D when compared to all other fuel cell chemistries.
Study coverageThis new Freedonia industry study, Fuel Cells, is available for $4500. It presents historical demand data (2002, 2007) plus forecasts for 2012, 2017 and 2025 by fuel cell chemistry, fuel, device and application. The study also considers market environment factors, evaluates company market share and profiles leading industry competitors.
